Skip to content

Good Neighbor Next Door – 203(g)

March 7, 2012

One FHA program that is aimed at community reinvestment is aimed at, and limited to, specific individuals within the community. 203(g) mortgages are often referred to as the Officer and Teacher Next Door program because pre-kindergarten through 12th grade teachers, law enforcement officers, firefighters, and emergency medical technicians are all eligible for the program.

Homes are offered at a 50% discount if the borrower employed in one of the professions listed above, commits to living in the home for at least three years, and he/she is employed in the community where the residence is located. Though HUD requires the borrower sign a second note on the property for the discounted rate, there is no interest or payments required on the second mortgage as long as the borrower fulfills the three-year residency requirement.



First, complete a loan application on our website
-Go to
-Click on Apply Now at the top
-Scroll to the middle of the page and Click on 3. Full Application
No comments yet

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: